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Search resuls for: "Radiant Energy Group"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRadiant Energy: Big tech’s energy needs see wave of countries embrace nuclear energyMark Nelson of Radiant Energy Group says that failsafe design considerations are baked into nuclear grid expansion.
Persons: Mark Nelson Organizations: Radiant Energy Group
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech is finally stepping up to be leaders in nuclear, says Radiant Energy's Mark NelsonMark Nelson, Radiant Energy Group managing director, joins CNBC's 'Squawk Box' to discuss the future of energy as big tech goes nuclear, his timeline for AI pushing nuclear growth, and more.
Persons: Radiant, Mark Nelson Mark Nelson Organizations: Tech, Radiant Energy Group
A Texas-based power company that only joined the S & P 500 two months ago is the third-best performing stock in the index this year, boosted by the same demand for everything connected to artificial intelligence. Fast forward to today and Vistra stock has soared 139% this year, adding $18.5 billion to its market cap, which now totals $32 billion, according to FactSet data. "We are always surprised when you see a move the size that we've seen, but I think it's been a long time building," Jim Burke, CEO of Vistra, told CNBC's "Closing Bell" Tuesday. Vistra also owns nuclear power plants, one of the most in-demand power sources in the 2024 market because reactors burn no fossil fuel and emit no greenhouse gases . Guggenheim has a buy rating on Vistra stock with a price target of $133, implying 44% upside from Wednesday's close of $92.31.
Persons: Jim Burke, CNBC's, we've, Burke, Vistra, Shahriar Pourreza, Pourreza, they'll, Guggenheim, Vistra hasn't, Mark Nelson, Joseph Dominguez, Constellation's, aren't Organizations: Vistra Corp, Texas Utilities Co, Dynegy Inc, Computer, Nvidia, Nuclear, Guggenheim Securities, Energy, Guggenheim, CNBC, Amazon Web Services, Talen Energy, Constellation Energy, Wall Street, Radiant Energy, Constellation Locations: Texas, Irving , Texas, Dallas, Ohio, Pennsylvania, Energy Harbor, U.S, East Coast
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